Home Credit India expands India footprint, offers loans on purchases of Home Appliances

• Customer-friendly EMI schemes from leading Home Appliances brands: LG Electronics, Samsung, Sony, Voltas, Voltas–Beko, Blue-Star & Whirlpool

Mumbai, July 08, 2020 : Home Credit India, a local arm of the international consumer finance provider with operations spanning over Europe and Asia and committed to drive financial inclusion in India, has ventured into the home appliances category. The company has partnered with leading consumer durable brands to offer attractive customer-friendly finance schemes. Offers are available across popular Home Appliances brands like LG Electronics, Samsung, Sony, Voltas, Whirlpool, Blue Star, Aisen and Voltas-Beko.

The offers are aimed at providing freedom to customers who wish to purchase a new appliance for their homes, from attractive EMI schemes. The company also offers finance schemes to enable customers to avail affordable EMI benefits on ACs , Refrigerators, Washing Machines, Microwave Ovens, Home Theaters, LED TVs etc.

Commenting on the partnership, Mr. Ankush Khosla, Chief Sales Officer, Home Credit India said; “As a Responsible corporate, we aim to meet aspirational needs of customers for a better life by offering financial solutions that are simple, transparent and accessible to all. During these unprecedented times, we need to understand our customers and their needs very closely as we are witnessing a new normal in customer behavior with their spending habits restricting to essential purchases. For us, customer is key, and we constantly aim to offer them a positive, seamless, and safe borrowing experience, helping them to realize their dreams in a financially secure way. Catering to these changing user preferences, it is Home Credit’s endeavor to provide top-of-class products, unique service experience and value for money to our customers. We’ll continue our efforts to serve the society and be able to overcome this unprecedented period.”

Customers can choose Home Credit to upgrade to a better lifestyle from a wide array of products available across popular brands like, Reliance Digital, Value Plus, Devi International, Sathya Agencies, Sales India, Lotus Electronics, Hariom Electronics, Sargam Electronics, Pai International .

The company has served over 11.3 million customers with various flexible loan options. Being a leader in the financing business of sub Rs10,000 category, Home Credit provides plethora of hassle-free financing options from a strong network of around 31,500 points-of-sale (PoS) present over 350 cities. The company is committed to drive credit penetration and broaden financial inclusion through responsible lending in the country.

About Home Credit India:

Home Credit India Finance Pvt. Ltd. is a local arm of the international consumer finance provider with operations spanning over Europe and Asia and committed to drive financial inclusion in India. The company is committed to drive credit penetration and financial inclusion by offering wide financial solutions that are simple, transparent and accessible to all. Leading in sub Rs.10,000 category, Home Credit India has an employee base of close to 14,000 and has been consistently expanding operations since its entry in 2012, with its operations spread over 350 cities across 22 States in India. The company has a strong network of around 31,500 points-of-sale (PoS) and is growing with a customer base of over 11.3 million customers, driven by Pan-India expansion across major markets, a range of diversified and innovative products backed by superior customer experience.

For more information, visit www.homecredit.co.in

Home Credit India donates 30,000 KN95 respirators & 180,000 surgical masks to Ministry of Health& Family Welfare

Mumbai, May 26, 2020-  To help India fight the COVID 19 battle, Home Credit India (HCIN), a local arm of the international consumer finance provider with operations spanning over Europe and Asia, will provide medical aid to the Ministry of Health& Family Welfare. The aid includes 30,000 KN95 respirators and 1,80,000 surgical masks.

OndrejKubik, Chief Executive Officer, Home Credit said, “We at Home Credit, stand by the nation and mankind during these tough times. As a responsible corporate, we are contributing to the society by providing this equipment to help fight this pandemic. We have been deeply impacted by this pandemic and we must all come together to provide the necessary support in our capacity to the government, healthcare workers and the NGOs working to fight this. I am confident that together we will win this battle.”

Shri T. Rajasekar, Director,  HLL Lifecare Ltd. Said,“ At the outset on behalf of Government of India, Ministry of Health & Welfare, Ministry of Textiles and people of India, we thank you for donating protective KN95 masks and surgical masks for the protection and safety of Medical community in India. Yours is one of the first few Indian organizations that has come forward to be a helping hand to Government of India’s effort to prevent and control the COVID-19 epidemic.

We take this opportunity to express our heartfelt gratitude and appreciation for the generosity shown by your esteemed organization by donating protective medical suites to Govt. of India. The donation was timely and helpful.”

Home Credit India is supporting the fight against COVID 19 by supporting other activities. They recently provided ration to 20,000 destitute people in Gurugram, Haryana. The company was also the among the first corporates to introduce a special COVID-19 hospitalization insurance cover of Rs. 5,00,000 per employee.  Any employee tested COVID-19 positive and requires immediate hospitalization would be able to avail this insurance plan.

About Home Credit India:

Home Credit India Finance Pvt. Ltd. is a local arm of the international consumer finance provider with operations spanning over Europe and Asia and committed to drive financial inclusion in India. The company is committed to drive credit penetration and financial inclusion by offering wide financial solutions that are simple, transparent, and accessible to all. With largest penetration in sub Rs.10,000 category, Home Credit India has an employee base of over 16,500 and has been consistently expanding operations since its entry in 2012, with its operations spread over 265 cities across 20 States in India. The company has a strong network of around 35,000 points-of-sale (PoS) and is growing with a customer base of around 10.7 million customers, driven by Pan-India expansion across major markets, a range of diversified and innovative products backed by superior customer experience. For more information, visit www.homecredit.co.in

Home Credit India announces special COVID-19 hospitalization Insurance for employees

Mumbai, March 26, 2020: Home Credit India (HCIN), a local arm of the international consumer finance provider with operations spanning over Europe and Asia and with an employee strength of over 16,500, has announced a special COVID-19 hospitalisation insurance cover for all its employees. Any employee who’s tested COVID-19 positive and requires immediate hospitalization would be able to avail this insurance plan. The insurance cover is for Rs. 5,00,000 per employee and will provide hospitalisation cover to all HCIN employees till March 2021.

Mr. Sandip Mallik, Chief Human Resources Officer, Home Credit India said; “Home Credit prides itself on being a responsible lender and as an organization we’ve taken adequate measures to ensure high level precautions to minimize any kind of risk. With the number of coronavirus (Covid-19) patients in India rising exponentially, it is our social responsibility to come together and extend our service to humanity. Our Covid-19 protection policy will provide financial support to the coronavirus-infected cases and stand united at this time of public health crisis.”

Home Credit India has served over 10.7 million customers with various flexible loan options. Being a leader in the financing business of sub Rs. 10,000 category, Home Credit provides plethora of hassle-free financing options from a strong network of around 35,000 points-of-sale (PoS) present across 265 cities. The company is committed to drive credit penetration and broaden financial inclusion through responsible lending in the country.

About Home Credit India:

Home Credit India Finance Pvt. Ltd. is a local arm of the international consumer finance provider with operations spanning over Europe and Asia and committed to drive financial inclusion in India. The company is committed to drive credit penetration and financial inclusion by offering wide financial solutions that are simple, transparent and accessible to all. With largest penetration in sub Rs.10,000 category, Home Credit India has an employee base of over 16,500 and has been consistently expanding operations since its entry in 2012, with its operations spread over 265 cities across 20 States in India. The company has a strong network of around 35,000 points-of-sale (PoS) and is growing with a customer base of around 10.7 million customers, driven by Pan-India expansion across major markets, a range of diversified and innovative products backed by superior customer experience. For more information, visit www.homecredit.co.in

HOME CREDIT INDIA REPORTS STABLE GROWTH WITH 34% MARKET SHARE IN SMALL TICKET CONSUMER DURABLE LOANS: CRIF Report

-       Captures 34% pan-India market share on consumer durable loans up to Rs. 10,000 in July-Sept. quarter

-       Records 24% pan-India market share on consumer durable loans up to Rs. 15,000

Mumbai, 03 December 2019 : Home Credit, a local arm of the international consumer finance provider with operations spanning over Europe and Asia and committed to drive financial inclusion in India, has sustained its growth with 34% market share in the category of consumer durable loans of up to Rs. 10,000, as per the latest CRIF report of Q3, 2019.

Home Credit is committed to drive credit penetration and financial inclusion by offering financial solutions that are simple, transparent and accessible to all. While the overall sector has witnessed a decline in consumer durable loans, Home Credit has successfully managed to sustain it’s share and penetrate deeper in the segment because of high customer faith and easy access to credit.

During the quarter ending September 2019, Home Credit India maintained an average of approximately 13% market share across all price categories and 24%market share in the category of consumer durable loans of upto Rs. 15,000.

According to Mr. Marko Carevic, Chief Marketing & Customer Experience Officer,Home Credit India;“We are pleased with Home Credit’s performance this quarter. Despite the slowdown in the sector, we continue to be a strong player in consumer durable loans in sub-Rs.10,000 category, and offer consumer lending solutions that serve the unique needs of first time borrowers. We are committed to a customer friendly approach and evolve our products to suit the needs of our customers by offering financial solutions that are simple, transparent and accessible. The encouraging report from CRIF shows that we are on the right track in our efforts to be a lender of choice.”

With a strong hold in market, Home Credit’s strategic focus is to serve customers with little to no credit record and connect them with the regulated financial sector, with simple, easy and fast services, to build its position in highly attractive markets. Home Credit continues to deliver superior sustainable value to its customers.

CRIF provides advanced solutions to decision-makers in the banking, financial, insurance, telecommunications, utilities and business world, understands the business requirements which makes each company unique and different.

About Home Credit India:

Home Credit India Finance Pvt. Ltd. is a local arm of the international consumer finance provider with operations spanning over Europe and Asia and committed to drive financial inclusion in India. The company is committed to drive credit penetration and financial inclusion by offering wide financial solutions that are simple, transparent and accessible to all. With largest penetration in sub Rs.10,000 category, Home Credit India has an employee base of over 15,000 and has been consistently expanding operations since its entry in 2012, with its operations spread over 179 cities across 20 States in India. The company has a strong network of around 29,000 points-of-sale (PoS) and is growing with a customer base of around 10 million customers, driven by Pan-India expansion across major markets, a range of diversified and innovative products backed by superior customer experience. For more information, visit www.homecredit.co.in

Home Credit India and Karur Vysya Bank tie up for an unique Joint Lending partnership

·         Home Credit pioneers joint lending partnerships for unsecured portfolio

Mumbai, 16^th Oct 2019: Home Credit India (HCIN), a local arm of the international consumer finance provider with operations spanning over Europe and Asia, and committed to drive financial inclusion in India has for the first time tied-up with Karur Vysya Bank (KVB) for joint lending. The recent RBI guidelines has led the industry to explore partnership avenues in the new framework with the aim to reach out to the large unbanked customer base.

With the objective of empowering customers, HCIN is committed towards driving credit penetration and broadening financial inclusion through responsible lending in the country. Keeping in mind the convenience of the customer, under this first of its kind agreement, Home Credit and KVB will disburse the loan as a single amount to the customer. The uniqueness of this partnership is in the end-to-end automated processing by which the customer gets real-time approval and disbursement.

Speaking about the tie-up, Mr. Anirban Majumder, CFO, Home Credit India said, “Our partnership with Karur Vysya Bank is unique in the unsecured lending space and we are confident that this partnership will prove mutually beneficial for both the organizations. Under this arrangement, Home Credit India will facilitate the sourcing and servicing of the loans originated under this scheme, while, underwriting will be done jointly on real time basis on a fully digitized platform. With this partnership and by leveraging the lower cost of funds of KVB, Home Credit India will be able to reach out to a new segment of customer. Going forward, Joint Lending is a successful and practical way of lending for NBFCs and I am pleased that we have pioneered the same with a strong player like Karur Vysya Bank. I look forward to this partnership successfully serving the underserved segment and broadening Financial Inclusion in India.”

Mr. P R Seshadri, Managing Director and CEO, Karur Vysya Bank said, “Karur Vysya Bank is a key player in the retail lending space.  We process loans through an app based end-to-end paperless solution that is unique in the industry.  We are delighted to partner with Home Credit. We are sure that their global experience, knowledge and expertise will add great value to our business. This partnership will help us leverage HCIN’s large data base, reach out to a segment which we have not pursued aggressively in the past and we will be able to provide other banking products to these customers, as well.”

Retail lending is seeing robust growth in volumes and transactions across all portfolios due to the rising aspirations of Indian customers. NBFCs are also set to gain in these partnerships as it results in lower costs of funding loans. Therefore, joint lending for unsecured loans is seen as a viable business growth proposition.

Home Credit is a pioneer in the category of providing real time loans to the underserved and unbanked by offering flexible finance options on smartphones and home appliances. These financing options are simple, transparent and accessible to all that can be availed easily as the company has a strong network of around 29,000 points-of-sale (PoS) across 179 cities. Home Credit provide loan options on leading smartphones and consumer durable brands like LG Electronics, Samsung, Nokia, Oppo, Sony, Voltas and others to upgrade to a better lifestyle.

About Home Credit India:

Home Credit India Finance Pvt. Ltd. is a local arm of the international consumer finance provider with operations spanning over Europe and Asia and committed to drive financial inclusion in India. The company is committed to drive credit penetration and financial inclusion by offering wide financial solutions that are simple, transparent and accessible to all. With largest penetration in sub Rs. 10,000 category, Home Credit India has an employee base of over 15,000 and has been consistently expanding operations since its entry in 2012, with its operations spread over 179 cities across 20 States in India. The company has a strong network of around 29,000 points-of-sale (PoS) and is growing with a customer base of around 10million customers, driven by Pan-India expansion across major markets, a range of diversified and innovative products backed by superior customer experience. For more information, visit www.homecredit.co.in

(Leader in sub Rs.10,000 category of consumer finance lending as per CRIF Report March 2019)
For more information, visit www.homecredit.co.in

About Karur Vysya Bank

Karur Vysya Bank is a 103-year-old scheduled commercial Bank, headquartered in Karur, Tamil Nadu.  The Bank has a total business of about Rs. 1,10,000 crores with a deposit base of about Rs. 60,000 crores and loans book of about Rs. 50,000 crores.  KVB has its footprints across 23 States and Union Territories of the country with a branch network of 779.  The bank has been widely recognized as one of the best banks in the country in terms of business, technological innovation and customer service by several financial publications and other institutions / organizations.  Always in the forefront in delivering customer supportive products and services by adapting technology, KVB now offers in-principle sanction of retail loans within 15 minutes and commercial loans within a day through an end-to-end paperless and digital solution, the first and only such solution offered by a commercial bank in the country.

For more information, visit www.kvb.co.in

Home Credit India successfully fulfills the dreams of 10 million Indians

·         Home Credit has achieved the milestone of 10 million customers in a span of 7 years

·         The 10 millionth customer, a first-time borrower, has purchased a smart phone with Home Credit’s easy finance options

Mumbai, September 09, 2019: Home Credit India, a local arm of the international consumer finance provider with operations spanning over Europe and Asia and committed to drive financial inclusion in India, today announced achieving the milestone of 10 millionth customer in the timeframe of 7 years. Being a leader in the mobile financing business of sub Rs10,000 category, the 10^thmillion customer has purchased a smart phone with Home Credit’s financial assistance. The company is committed to drive credit penetration and broaden financial inclusion through responsible lending in the country.

Speaking on the achievement,Marko Carevic, Chief Marketing and Customer Experience Officer, said;“It is not just a number, but the faith shown by 10 million customers in Home Credit India. We continue to be committed to our vision of making dreams affordable for India as with this,we have several milestones to achieve in the times to come. We at Home Credit, take pride in adding cheer to the lives of customers through various attractive financing solutions that would help them fulfill their aspirations and help us achieve the objective of broadening financial inclusion in India.”

Elated at being the 10^th million customer of Home Credit India, Ms. Bano from Pune said;“I always thought that taking a loan was a tedious and stressful process and had my reservations towards it. However, when I went to buy a smartphone from Home Credit, it changed my outlook towards taking loans entirely. The finance options were easy, and the loan came through in a very short timeframe which was a phenomenal experience. Thanks to Home Credit, I have now bought myself a smartphone with an advanced technology which helps me stay connected with my family and friends. I am glad I chose Home Credit.”

With the objective of empowering customers, Home Credit offers flexible financing options on smartphones and home appliances that are simple, transparent and accessible to all. These financing options can be availed easily as the company has a strong network of around 29,000 points-of-sale (PoS) across 179 cities.Home Credit provide loan options on leading smartphones and consumer durable brands like LG Electronics, Samsung, Nokia, Oppo, Sony, Voltas and others to upgrade to a better lifestyle.

About Home Credit India:

Home Credit India Finance Pvt. Ltd. is a local arm of the international consumer finance provider with operations spanning over Europe and Asia and committed to drive financial inclusion in India. The company is committed to drive credit penetration and financial inclusion by offering wide range of financial solutions that are simple, transparent and accessible to all. With largest penetration in sub Rs.10,000 category, Home Credit India has an employee base of over 15,000 and has been consistently expanding operations since its entry in 2012, with its operations spread over 179 cities across 20 States in India. The company has a strong network of around 29,000 points-of-sale (PoS) and is growing with a customer base of around 9 million customers, driven by Pan-India expansion across major markets, a range of diversified and innovative products backed by superior customer experience. For more information, visit www.homecredit.co.in

(Leader in sub Rs.10,000 category of consumer finance lending as per CRIF Report March 2019)
For more information, visit www.homecredit.co.in